While refinery capacity, the storm's trajectory, as well as storage, are going to be key, traders & investors shouldn't lose sight of future underlying demand in the midst of this pandemic.
As Hurricane Laura is expected to make landfall later today or tomorrow, I take a look at its impact on the oil complex. While refinery capacity, the storm's trajectory, as well as storage, are going to be key, traders & investors shouldn't lose sight of future underlying demand in the midst of this pandemic.
Video Length: 00:01:09
Please sign up for a Free Trial at Blue Line Futures to have our entire technical outlook, actionable bias and proprietary levels emailed directly.
Disclaimer: Futures trading involves substantial risk of loss and may not be suitable for all investors. Trading advice is based on information taken from trade and statistical services and other sources Blue Line Futures, LLC believes are reliable. We do not guarantee that such information is accurate or complete and it should not be relied upon as such. Trading advice reflects our good faith judgment at a specific time and is subject to change without notice. There is no guarantee that the advice we give will result in profitable trades. All trading decisions will be made by the account holder. Past performance is not necessarily indicative of future results.
Comments
Log in or sign up to join the conversation.